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Century-Old O4W Home Wants $500K for Its Rad Location

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Last sold for $90,000 in 1996, this century-old American foursquare now asks $499,000 (after a $20K price chop) for 1,710 square feet. It's quite the jump, but take a look at that location: a stone's throw from Highland Bakery, Across the Street and other O4W and Inman Park tastiness, walking distance to Krog Street Market, Inman Quarter and the Beltline, with a gate in the backyard that actually opens onto the Freedom Park Trail. The kitchen, with its interior exposed brick wall, farmhouse sink and stainless steel appliances appears to have seen a recent remodel while the rest of the house retains much of its original character, which is a nice way to say that it could use a little love. The dreary gray bathroom, in particular, is in dire need of a sprucing up, although that vintage sink could work in the right context. The three-bedroom, two-bathroom home also has heart pine flooring, two original fireplaces and high ceilings throughout. At $292/square foot, is it priced to sell, given its location? The 1,554-square-foot home next door on a similarly sized lot sold for just $270,800 in March.
· 692 Highland Avenue [Zillow]